BUSN115 Final Exam Study Guide
BUSN115 Final Exam Study Guide
The BUSN115 final exam is 3 pages long. It is a timed exam worth 250 points that you may enter only once. You have 3.5 hours to complete the exam. It consists of 25 multiple choice questions worth 6 points each. There are 7 essay questions, 6 worth 15 points and 1 worth 10 points. Be sure to save and save often while you are working on the exam, and submit the exam when you are finished.
To earn full credit your response to each essay question should answer the question completely and average 2 – 3 paragraphs in length. The exam reflects the following course objectives and possible topics:
TCO 1 Chapters 1, 2, 3, 5, 6, 13 and 15 Weeks 1, 2, 4 and 5 Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals.
Understand the relationship and interaction of supply and demand in the economy. pg 37-38; week 1 lecture pg 5
Be able to define, differentiate and provide examples of a free market, command and mixed economy. pg 42-44 & 2-6 thru 2-9
Define and discuss the fiscal and monetary policy role of the federal government and its respective agencies. pg. 49, 51; week 1 lecture pg 5
List and define the foundations of capitalism. pg. 35 & 2-5
Apply the “Invisible Hand” to a market economy. pg 33-34
Explain productivity and its relationship to international trade. Week 1 lecture pg 4; pg see photo screenshot
Relate political systems to their respective economic system. pg 44
Describe the demographic trends. pg 17, ch 1, lg5
Define and apply common economic indicators. ch 3 lg5
TCO 2 Chapter 4 Week 3
Given the importance of ethics in business, be able to understand and address ethical dilemmas that may occur in workplace activities and offer suggestions to prevent their recurrence.
Define and discuss the ethical and social
The BUSN115 final exam is 3 pages long. It is a timed exam worth 250 points that you may enter only once. You have 3.5 hours to complete the exam. It consists of 25 multiple choice questions worth 6 points each. There are 7 essay questions, 6 worth 15 points and 1 worth 10 points. Be sure to save and save often while you are working on the exam, and submit the exam when you are finished.
To earn full credit your response to each essay question should answer the question completely and average 2 – 3 paragraphs in length. The exam reflects the following course objectives and possible topics:
TCO 1 Chapters 1, 2, 3, 5, 6, 13 and 15 Weeks 1, 2, 4 and 5 Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals.
Understand the relationship and interaction of supply and demand in the economy. pg 37-38; week 1 lecture pg 5
Be able to define, differentiate and provide examples of a free market, command and mixed economy. pg 42-44 & 2-6 thru 2-9
Define and discuss the fiscal and monetary policy role of the federal government and its respective agencies. pg. 49, 51; week 1 lecture pg 5
List and define the foundations of capitalism. pg. 35 & 2-5
Apply the “Invisible Hand” to a market economy. pg 33-34
Explain productivity and its relationship to international trade. Week 1 lecture pg 4; pg see photo screenshot
Relate political systems to their respective economic system. pg 44
Describe the demographic trends. pg 17, ch 1, lg5
Define and apply common economic indicators. ch 3 lg5
TCO 2 Chapter 4 Week 3
Given the importance of ethics in business, be able to understand and address ethical dilemmas that may occur in workplace activities and offer suggestions to prevent their recurrence.
Define and discuss the ethical and social